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Source: Live Mint Analysts have washed their hands of the stock. Goldman Sachs, JP Morgan and Citi have all sounded the selling horn on Asian Paints. Is this pessimism warranted, or will the stock take everyone by surprise? Broad-based pessimism The pessimism around Asian Paints is not limited to a select few analysts. Of the…
Source: Live Mint The Indian stock market continued its downward trajectory for the fourth consecutive session on Friday, weighed down by weak global cues. Benchmark indices, Sensex and Nifty 50, declined over 0.5% on February 21, driven by heavy selling in auto, pharmaceutical, financial, and FMCG stocks. The 30-share BSE Sensex fell by 560 points…
Source: Live Mint Shares of Asian Paints, once the cynosure of value investors, are now being overlooked. The stock ended 2024 with a substantial loss of 33 per cent. Over the past three years, it has declined by 32 per cent, even as the equity benchmark Nifty 50 gained 37 per cent. Multiple headwinds have…
Source: Live Mint Asian Paints share price will be in focus on Wednesday after the state-run insurance giant Life Insurance Corporation of India (LIC) raised its stake in the company, LIC announced that it has increased its investment in Asian Paints to 7% through open market purchases, at an average cost of ₹2,891.25 per share…
Source: Live Mint LIC Shareholding: Life Insurance Corporation of India (LIC) raised its stake in blue-chip firm Asian Paints to 7 per cent, the insurer informed via an exchange filing on Tuesday, December 10. LIC, India’s biggest domestic institutional investor (DII), held a 6.6 per cent stake in the paints manufacturer at the end of…
Source: Live Mint But first, a quick recap. Asian Paints, the bluest of blue chips, is not having the best of times in the Indian stock market. The stock is down almost 30% from its 52-week high at a time when the broader index is down just 4%. This means Asian Paints has lost seven times…
Source: Business Standard Paint stocks fall amid crude oil price rise 2 min read Last Updated : Oct 04 2024 | 1:23 PM IST Paints shares traded in the negative territory for a second consecutive day on Friday (October 4), after Brent crude oil futures breached $77 per barrel-mark overnight. With this, the Brent…
Source: Live Mint Asian Paints was in focus on Friday, September 12, following the company’s announcement of a board meeting scheduled for October 23, 2024, to consider a dividend. The company also set a record date in connection with the dividend decision. In an exchange filing, it said that The Company’s Board of Directors will…
Source: Business Standard 4 min read Last Updated : Sep 11 2024 | 11:01 PM IST Oil price below $70/barrel: As Brent crude oil price trades below the psychological level of $70 per barrel, analysts are backing certain oil-linked stocks to play the momentum. They prefer aviation and tyre stocks among the lot,…
Source: Live Mint On the special occasion of Ganesh Chaturthi, Sumeet Bagadia of Choice Broking has suggested Asian Paints stock to buy with a target price of ₹3562/ 3725. “Asian Paints (ASIANPAINT) is currently trading at ₹3244 and has formed a symmetrical triangle pattern on the monthly chart with significant volume, indicating a strong bullish…
